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An open-end mutual fund has the following stocks: Stock Shares Stock Price A 8,500 $ 93 B 33,000 22 C 6,000 79 D 81,000 11
An open-end mutual fund has the following stocks:
| Stock | Shares | Stock Price | ||
| A | 8,500 | $ | 93 | |
| B | 33,000 | 22 | ||
| C | 6,000 | 79 | ||
| D | 81,000 | 11 | ||
If there are 55,000 shares of the mutual fund, what is the NAV?
Net asset value:
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
